Portfolio Covenants Sample Clauses

Portfolio Covenants. The Borrower shall not permit:
Portfolio Covenants. With respect to the Projects, as of the end of each fiscal quarter (i) the Debt Service Coverage shall be at least 1.25 to 1.00, (ii) the Cash on Cash Return shall be at least 12% and (iii) the Portfolio LTV shall be equal to, or less than, 77%, in each case, as determined by Administrative Agent (on behalf of the Lenders)."
Portfolio Covenants. So long as the SPV Credit Agreement is in effect, the Borrower shall not violate the following performance measurements, in each case to be determined on a monthly basis as of the last calendar day of any calendar month following the Closing Date and calculated on the first Determination Date occurring after such last calendar day of such calendar month (and based on the information for the preceding calendar month or months, as applicable, set forth in any Monthly Servicing Report related to such Determination Date):
Portfolio Covenants. As used in this Section, the following terms shall have the respective meanings set forth below:
Portfolio Covenants. With respect to the Projects, as of the end of each fiscal quarter (i) the Debt Service Coverage shall be at least 1.75 to 1.00 so long as the Term Loan has not been repaid in full, and at least 2.75 to 1.00 after the Term Loan has been repaid in full; (ii) the Cash on Cash Return shall be at least 17% so long as the Term Loan has not been repaid in full, and at least 25% after the Term Loan has been repaid in full; and (iii) the Portfolio LTV shall be equal to, or less than, 50% so long as the Term Loan has not been repaid in full, and equal to, or less than 30% after the Term Loan has been repaid in full; in each case, as determined by Administrative Agent (on behalf of the Lenders)."
Portfolio Covenants. Borrower shall cause the Receivables to be in full compliance with the following portfolio requirements (as of any date of determination, with respect to all Receivables constituting Collateral as of such date):
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Related to Portfolio Covenants

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • REPORTING COVENANTS The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

  • Continuing Covenants Each Party agrees (i) not to take any action reasonably expected to result in a new or changed Tax Item that is detrimental to any other Party and (ii) to take any action reasonably requested by any other Party that would reasonably be expected to result in a new or changed Tax Item that produces a benefit or avoids a detriment to such other Party; provided that such action does not result in any additional cost not fully compensated for by the requesting Party. The Parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the rights of the Parties with respect to matters otherwise covered by this Agreement.

  • Interim Operating Covenants Seller covenants to Purchaser that Seller will:

  • Reporting Covenant So long as any Guaranteed Obligations shall remain unsatisfied or any Lender shall have any Commitment, each Guarantor agrees that it shall furnish to the Administrative Agent such information respecting the operations, properties, business or condition (financial or otherwise) of such Guarantor or its Subsidiaries as the Administrative Agent, at the request of any Guaranteed Party, may from time to time reasonably request.

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • Joint Covenants Buyer and Seller hereby covenant and agree that between the date hereof and Closing:

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

  • Parent Covenants The Parent will:

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